Departmental Assets

Vincent Cable: To ask the Secretary of State for Culture, Media and Sport what assets of his Department are planned to be sold in each year from 2009-10 to 2013-14; what the  (a) description and  (b) book value of each such asset is; what the expected revenue from each such sale is; and if he will make a statement.

Si�n Simon: The Government have stated their intention to realise 16 billion in asset disposals over the period 2011-14 and will publish further details of opportunities to commercialise business assets in the coming weeks.
	The Prime Minister announced on 12 October 2009 that the Government intend to sell the Tote (the Horserace Totalisator Board), which is currently the fifth largest bookmaker in the UK. The sale process is intended to start in summer 2010 and be completed by no later than March 2011.